(Updated at 0850 GMT)

*

Czech, Romanian inflation both stronger than expected in

July

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Reuters reports billions in dollar and euro notes reach

Russia

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Shekel falls as Hamas casts doubt on ceasefire talks

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Adani Group shares slip after Hindenburg report

By Lisa Pauline Mattackal

Aug 12 (Reuters) - Emerging market stocks broadly rose

on Monday as attention shifted to key data later in the week for

clues on global economic growth, while the Czech crown

strengthened against the euro after stronger than expected

inflation data.

MSCI's index of emerging market stocks gained

0.4%, while the broader EM currency index was

little changed against the dollar as investors awaited U.S.

inflation and retail sales data later in the week for signals on

growth in world's largest economy.

Meanwhile, both Czech and Romanian consumer price inflation

increased more than forecast in July. Czech inflation rose 0.7%

on a monthly basis and 2.2% year-on-year, while Romanian

inflation was 5.42% on an annual basis.

The crown strengthened to a more than one-month

high of 25.162 against the euro, while the Romanian leu

was little changed.

The euro also weakened about 0.1% against Hungary's forint

, which touched a two-week high.

"Conditions for CEE FX have improved significantly in recent

days ... we are gradually turning bullish on the entire region,"

said Frantisek Taborsky, EMEA FX and FI strategist at ING.

"After a significant rally in core rates in July, little is

needed to support CEE FX."

Retail sales and industrial production figures are also due

from China later this week. Chinese stocks

underperformed most other Asian bourses, losing 0.1%.

Emerging market assets have broadly recovered from last

week's sharp selloff, sparked by concerns about growth in both

the U.S. and China, and the week's upcoming data will likely

test whether risk sentiment has truly recovered.

Geopolitical risks also remained firmly on the radar.

Russia's rouble fell nearly 2% against the dollar as

Ukraine increased military activity near the border, days after

its biggest incursion into sovereign Russian territory since the

start of the 2022 war. Ukraine's currency weakened nearly

0.7%.

Israel's shekel weakened 0.9% against the dollar

after rising for three straight sessions. Palestinian militant

group Hamas on Sunday cast doubt on its participation in

negotiations on a Gaza ceasefire deal.

Elsewhere, Turkish stocks rose 1%, with its banking

index jumping 1.7% after six straight sessions in the

red. The lira weakened 0.2% against the dollar.

Data showed Turkish unemployment rose to 9.2% in June.

Elsewhere, India-listed shares of Adani Group companies

slid, but later pared losses after Hindenburg Research accused

the head of India's market regulator probing the group of having

links to offshore funds also used by Adani. Flagship firm Adani

Enterprises was last down 1.5%.

Indian inflation data is expected later in the day.

HIGHLIGHTS:

** EXCLUSIVE: Billions in dollar and euro notes reach Russia

despite sanctions

** China's bond market rattled as central bank squares off with

bond bulls

** South Africa battles to fund vital grid upgrade for green

energy

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For RUSSIAN market report, see